Karl Slatoff Sells 40,358 Shares of Take-Two Interactive Software (NASDAQ:TTWO) Stock

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) President Karl Slatoff sold 40,358 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $216.09, for a total transaction of $8,720,960.22. Following the completion of the transaction, the president directly owned 40,358 shares in the company, valued at approximately $8,720,960.22. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Karl Slatoff also recently made the following trade(s):

• On Monday, June 1st, Karl Slatoff sold 208,969 shares of Take-Two Interactive Software stock. The shares were sold at an average price of $227.34, for a total transaction of $47,507,012.46.

Take-Two Interactive Software Price Performance

Shares of NASDAQ TTWO opened at $216.65 on Friday. Take-Two Interactive Software, Inc. has a fifty-two week low of $187.63 and a fifty-two week high of $264.79. The stock has a market cap of $40.23 billion, a price-to-earnings ratio of -133.73, a PEG ratio of 3.30 and a beta of 0.98. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.24 and a current ratio of 1.24. The firm’s 50-day simple moving average is $215.11 and its 200 day simple moving average is $224.33.

Hedge Funds Weigh In On Take-Two Interactive Software

Several hedge funds have recently modified their holdings of TTWO. Norges Bank bought a new position in shares of Take-Two Interactive Software during the 4th quarter worth approximately $735,389,000. Vanguard Group Inc. lifted its position in shares of Take-Two Interactive Software by 4.5% during the 3rd quarter. Vanguard Group Inc. now owns 21,701,533 shares of the company’s stock worth $5,606,808,000 after buying an additional 932,659 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Take-Two Interactive Software by 162.1% during the 4th quarter. AQR Capital Management LLC now owns 1,138,738 shares of the company’s stock worth $291,551,000 after buying an additional 704,316 shares in the last quarter. Amundi lifted its position in shares of Take-Two Interactive Software by 38.1% during the 1st quarter. Amundi now owns 2,493,985 shares of the company’s stock worth $492,562,000 after buying an additional 688,133 shares in the last quarter. Finally, Alyeska Investment Group L.P. lifted its position in shares of Take-Two Interactive Software by 44.6% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,842,927 shares of the company’s stock worth $471,845,000 after buying an additional 568,263 shares in the last quarter. Institutional investors own 95.46% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on TTWO. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research report on Friday, May 22nd. Wells Fargo & Company dropped their price target on shares of Take-Two Interactive Software from $293.00 to $287.00 and set an “overweight” rating on the stock in a research report on Friday, May 22nd. Raymond James Financial raised shares of Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 price target on the stock in a research report on Tuesday, February 10th. Wedbush reissued an “outperform” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research report on Tuesday, March 3rd. Finally, Zacks Research cut shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $287.06.

About Take-Two Interactive Software

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two’s publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.